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Kplc restructure plan out
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2012
#111 Posted : Thursday, November 11, 2010 12:51:12 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Sufficiently Philanga....thropic wrote:
The problem with CMa, like all other parastatals is that it doesnt give timelines on job completion so everyone including Dyer have been left to second guess!


I really doubt that Dyer are in the dark too, I'm sure if there's someone who knows what's cutting then it's Jimnah. He probably crafted the entire deal.

BBI will solve it :)
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reiner
#112 Posted : Thursday, November 11, 2010 1:27:15 PM
Rank: Member

Joined: 3/11/2009
Posts: 27
What is the minimum number of rights one can apply for? I am not a share holder but I would like to get some KPLC rights.

I have always liked this share but cannot afford it at this prices so thank god for the split so that small investors like I can get to own a piece.
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2012
#113 Posted : Thursday, November 11, 2010 2:10:34 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
reiner wrote:
I have always liked this share but cannot afford it at this prices so thank god for the split so that small investors like I can get to own a piece.


Thanks God for you, you are the reason why I continue to buy at the current price because I know after the split you'll all scramble for it.

BBI will solve it :)
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Sufficiently Philanga....thropic
#114 Posted : Thursday, November 11, 2010 2:32:07 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
2012 wrote:
Sufficiently Philanga....thropic wrote:
The problem with CMa, like all other parastatals is that it doesnt give timelines on job completion so everyone including Dyer have been left to second guess!


I really doubt that Dyer are in the dark too, I'm sure if there's someone who knows what's cutting then it's Jimnah. He probably crafted the entire deal.

To the extent that Dyer are the Financial advisors, i agree with you. Jimnah is no push over and can easily make CMA dance to his tunes!Laughing out loudly
@SufficientlyP
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alikujia
#115 Posted : Thursday, November 11, 2010 2:33:17 PM
Rank: Member

Joined: 5/27/2010
Posts: 324
Location: nrb
My 2 cents wrote:
Government rights are public property and the public should have a say on how these should be disposed off. If there is confidence that these rights can be taken up by the public, why offer them to some shadowy institution. I am really curious how these govt rights will be disposed off. Maybe TCL sold their 4% shares in order to come back in cheaper via rights placement. Who knows?

thats the point - guru67 please note. If you govt offers rights exclusively to someone special, when it has platform to offer to all its citizen(owners), then there will be uproar, because it might amount to corruption, unless it can show that it got higher value(premium price) than the prevailing market price.

This is actually quite trcky because the limited kplc float can actually be manipulated within this short period by some big guns inorder to justify a particular sale price to someone.
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guru267
#116 Posted : Thursday, November 11, 2010 2:58:38 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
alikujia wrote:
My 2 cents wrote:
Government rights are public property and the public should have a say on how these should be disposed off. If there is confidence that these rights can be taken up by the public, why offer them to some shadowy institution. I am really curious how these govt rights will be disposed off. Maybe TCL sold their 4% shares in order to come back in cheaper via rights placement. Who knows?

thats the point - guru67 please note. If you govt offers rights exclusively to someone special, when it has platform to offer to all its citizen(owners), then there will be uproar, because it might amount to corruption, unless it can show that it got higher value(premium price) than the prevailing market price.

This is actually quite trcky because the limited kplc float can actually be manipulated within this short period by some big guns inorder to justify a particular sale price to someone.



@alikuja and @my 2 cents do you have any law references or C.M.A regulations that compel G.O.K to sell its rights to the public...

Otherwise if not a mere uproar will come and go but the the institution it sells to will still laugh all the way to the bank...
Mark 12:29
Deuteronomy 4:16
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Sober
#117 Posted : Thursday, November 11, 2010 3:19:15 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
reiner wrote:
What is the minimum number of rights one can apply for? I am not a share holder but I would like to get some KPLC rights.

I have always liked this share but cannot afford it at this prices so thank god for the split so that small investors like I can get to own a piece.



it is 20 shares for every 51 held. only available to existing shareholders.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#118 Posted : Thursday, November 11, 2010 3:22:48 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
reiner wrote:
What is the minimum number of rights one can apply for? I am not a share holder but I would like to get some KPLC rights.

I have always liked this share but cannot afford it at this prices so thank god for the split so that small investors like I can get to own a piece.



it is 20 shares for every 51 held. only available to existing shareholders.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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VituVingiSana
#119 Posted : Thursday, November 11, 2010 8:59:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
It would not surprise me if the Rights are 'sold' on the market but in a special lot or deal not available to the rest of us...

This is D&B we are talking of...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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erifloss
#120 Posted : Friday, November 12, 2010 8:17:16 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Does the sale of shares or rights thereof by the government fall under the public procurement act? If so then they should sell to the highest bidder of which according to me is the open market but with Jimnah you never know what's cooking!
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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